Agriculture: Environment Protection

Treasury written question – answered am ar 20 Chwefror 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Crathorne Lord Crathorne Ceidwadwyr

To ask His Majesty's Government whether land that has been taken out of agricultural production for an environmental scheme or project will be eligible for (1) Agricultural Property Relief, or (2) equivalent relief.

Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury

The availability of relief is a question of fact and degree to be decided upon the particular facts of each case. Land that has been taken out of agricultural production over an extended period for an environmental scheme or project is unlikely to qualify for agricultural property relief from inheritance tax. However, owner-occupiers may continue to benefit from business property relief if the land is still used in the business and the overall business is not one of wholly or mainly making or holding investments.

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